Which of the following is an autonomous factor that, when increased, causes consumer spending to rise?
a. real wealth
b. the interest rate
c. household debt
d. income
a. real wealth
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Refer to Scenario 4 . What is the maximum number of schools that can be built? The maximum number of prisons?
What will be an ideal response?
Suppose that domestic investment in Japan is 20.2% of GDP, and Japanese national savings is 24% of GDP. What is Japan's foreign investment as a percentage of GDP?
A) 1.19% B) 3.8% C) 27.8% D) 44.2%
if $3,000,000 of 10% bonds are issued at 97, the amount of cash received from the sale is
a. $3,300,000 b. $3,000,000 c. $3,090,000 d. $2,910,000
What distinguishes economists from other scientists?
A. Economists see the world through a lens of incentives; other scientists focus on other aspects of the world. B. Economists focus more on policy issues compared with other scientists. C. Economists use models; other scientists build scaled-down replicas of what they are studying. D. Economists use regression models; other scientists use only correlations among variables.